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The International Energy Agency (IEA) executive director Fatih Birol met with US Treasury Secretary Janet Yellen last week to discuss how the energy sector can reach net-zero emissions by 2050 and what should be done to unlock more investments for clean energy transitions around the world.
The meeting, which included the participation of senior officials from the US Treasury Department as well as the IEA, provided an opportunity for the executive director to present the findings and implications of two major recent IEA reports – the IEA’s Roadmap to Net Zero by 2050 and its special report on Financing Clean Energy Transitions in Emerging and Developing Economies.
The discussions covered on a wide range of topics, including what the US can do to support international climate finance; the future of oil and gas investments on the path to a net-zero world; and how to mobilise financing to speed up the deployment of clean energy technologies.
Secretary Yellen said that the IEA reports highlighted the challenges the world faces in moving to net-zero emissions and that the briefing provided her team with valuable insights into how they can make a positive contribution to ramping up investment in clean energy.
